5/25 – Dallas County, TX – 5031 COLONIAL AVE DALLAS, TX 75215

Auction Info (Auction site)

• Online Auction Link : Auction Link
• Parcel Number/APN: 00000207889000000
• Address: 5031 COLONIAL AVEDALLAS, TX 75215
• Starting Bid (if over $50,000, disregard): $39,662.51
• Deposit Amount: N/A
• Deposit Due Date: N/A

Property Info (Propwire)

• Property Owner Name: MAYFIELD WILL T
• Type (Land (near Houses, discard if not)/Structure): Land
• Area (Rural / Suburb / City) : urban
• Lot Size: (Disregard if under 5,000 sq. ft. or 0.10 acres) : 7,700 SqFt
• Living Sq ft : 0/Sqft
• Bed/Bath : 0/0
• Year Built : Not Available
• Distance to Nearest Big City: Cedar Hill, TX – Approximately 12 miles southwest of 5031 Colonial Ave.
• HOA / POA: (Check Realtor.com/Redfin or community name): This Property is not governed by HOA/POA
• Assessed Value: $53,900
• Annual Taxes: $23,320.90 (Total Due)
• LINKS (all links where you found the information captured):
  https://propwire.com/realestate/5031-Colonial-Ave-Dallas-TX-75215/165110359/property-details?filters=%7B%7D
  Assessed value Check From Here
  Annual Tax Check From Here

Liens & Encumbrances (County Land Records)

• List of Liens (Amount – What for):
• LINK:

Location & Buildability (Human Review)

Disregard if home is in very poor condition or the neighborhood looks bad. Or if homes is too far on it’s own, it must be near other homes. Also must be ona paved road, no dirt roads.

You might need to contact the county Zoning and Planning departments. Also the utilities companies. This part must be very accurate!

• Imagery
• GIS Image (link): (Base maps, layers, flood risk, topographical (not on a steep none buildable lot). Google if you need to know how to tell this from GIS Maps): https://dallasgis.maps.arcgis.com/apps/mapviewer/index.html
• Google Maps (link): https://www.google.com/maps/place/5031+Colonial+Ave,+Dallas,+TX+75215,+USA/@32.7456875,-96.7631673,17z/data=!3m1!4b1!4m6!3m5!1s0x864e986e1bb5e2f5:0xa2b30a4b5796ebd5!8m2!3d32.745683!4d-96.760587!16s%2Fg%2F11c2939l8g?entry=ttu&g_ep=EgoyMDI1MDUxNS4wIKXMDSoASAFQAw%3D%3D
• Planning
• Zone (If this is a lot it must be able to build a home, does this property meet reqs): (Size/width standards):
  This Property Meets the Zoning Requirements.
• Frontage Requirement (does this property meet reqs, Can it host a home, mobile home, or trailer):
  This Property Meets the Frontage Requirements.
• Future Development or incentives (contact the planning and development in the county or the zoning department for the future of the area. They sometimes have a map): There is no future map for this property.
• Environment Issues (https://environmental.netronline.com/): 5031 COLONIAL AVEDALLAS, TX 75215.pdf
• Utilities (Assessor’s website to see if utilities are available:water, sewer, gas, electricity, also may check with online who provides utilities for the area):
• Water: Available
• Sewer: Available
• Gas (optional): Needs to Check
• Electricity: Available
• LINKS:
  Utilities Check from here

Comparables (Propwire & Redfin)

• TIPS:
• Comps can come from many places. We value the past auctions similar to this that have sold [but some platforms don't easily show this], then the ones on sites like Trulia.
• You only need 3 comps. Here’s
• **Look for the property on Google maps then zoom into that same area on Red Fin or Trulia to see the closet. Don’t use the comps from the property ads.
• **Look up similar properties won in the past in the auction (if you can find) see if they sold and how much
• **Some comps aren't exact or close. In that case use the (sq ft/sale price) to find the price per sq ft.
• Number of Comps: 3 recently sold (list criteria below with total value and address for all 3)
• Criteria:
• Sold recently
• Within 10% of size
• +/- 10 years of age
• Same bed/bath count
• Close proximity
• COMPS 1 : 2510 SAINT CLAIR DR DALLAS, TX 75215
• Sold Price: $75,000
• Date Sold: 03/21/2025
• Time til Sell: 27
• Price per sq ft (Price/Sq ft): $9.7175/sq ft
• **Link: **2510 SAINT CLAIR DR DALLAS, TX 75215
• COMPS 2 : 2503 Lawrence St Dallas, TX 75215
• Sold Price: $79,900
• Date Sold: 01/21/2025
• Time til Sell: 82
• Price per sq ft: $12.2283/sq ft
• **Link: **2503 Lawrence St Dallas, TX 75215
• COMPS 3 : 2214 Eugene St Dallas, TX 75215
• Sold Price: $90,000
• Date Sold: 09/27/2024
• Time til Sell: 14
• Price per sq ft: $11.2923/sq ft
• **Link: **2214 Eugene St Dallas, TX 75215